Lennar Management

Management criteria checks 3/4

Lennar's CEO is Stuart Miller, appointed in Sep 2023, has a tenure of less than a year. total yearly compensation is $34.28M, comprised of 2.9% salary and 97.1% bonuses, including company stock and options. directly owns 8.58% of the company’s shares, worth MX$64.32B. The average tenure of the management team and the board of directors is 4.7 years and 11 years respectively.

Key information

Stuart Miller

Chief executive officer

US$34.3m

Total compensation

CEO salary percentage	2.9%
CEO tenure	less than a year
CEO ownership	8.6%
Management average tenure	4.7yrs
Board average tenure	11yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Stuart Miller's remuneration changed compared to Lennar's earnings?
Date	Total Compensation	Salary	Company Earnings
Feb 29 2024	n/a	n/a	US$4b
Nov 30 2023	US$34m	US$1m	US$4b
Aug 31 2023	n/a	n/a	US$4b
May 31 2023	n/a	n/a	US$4b
Feb 28 2023	n/a	n/a	US$5b
Nov 30 2022	US$35m	US$1m	US$5b
Aug 31 2022	n/a	n/a	US$4b
May 31 2022	n/a	n/a	US$4b
Feb 28 2022	n/a	n/a	US$4b
Nov 30 2021	US$39m	US$1m	US$4b
Aug 31 2021	n/a	n/a	US$4b
May 31 2021	n/a	n/a	US$3b
Feb 28 2021	n/a	n/a	US$3b
Nov 30 2020	US$25m	US$1m	US$2b
Aug 31 2020	n/a	n/a	US$2b
May 31 2020	n/a	n/a	US$2b
Feb 29 2020	n/a	n/a	US$2b
Nov 30 2019	US$21m	US$1m	US$2b
Aug 31 2019	n/a	n/a	US$2b
May 31 2019	n/a	n/a	US$2b
Feb 28 2019	n/a	n/a	US$2b
Nov 30 2018	US$20m	US$1m	US$2b
Aug 31 2018	n/a	n/a	US$1b
May 31 2018	n/a	n/a	US$996m
Feb 28 2018	n/a	n/a	US$900m
Nov 30 2017	US$19m	US$1m	US$803m

Compensation vs Market: Stuart's total compensation ($USD34.28M) is above average for companies of similar size in the MX market ($USD5.97M).

Compensation vs Earnings: Stuart's compensation has been consistent with company performance over the past year.

CEO

Stuart Miller (66 yo)

less than a year

Tenure

US$34,284,913

Compensation

Mr. Stuart A. Miller serves as Executive Chairman at Five Point Holdings, LLC since September 30, 2021. He has been Director at Doma Holdings Inc. since January 2019. Mr. Miller serves as Director at State...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stuart Miller	Co-CEO & Executive Chairman	less than a year	US$34.28m	8.58% $ 64.3b
Jonathan Jaffe	Co-CEO, President & Director	3.6yrs	US$29.14m	0.39% $ 2.9b
Diane Bessette	VP & CFO	6.2yrs	US$7.00m	0.11% $ 791.0m
Mark Sustana	VP, General Counsel & Secretary	19.2yrs	US$3.29m	0.0073% $ 54.6m
David Collins	VP & Controller	16.3yrs	US$2.19m	0.016% $ 116.2m
Fred Rothman	Chief Operating Officer	no data	no data	no data
Scott Spradley	Chief Technology Officer	1.4yrs	no data	no data
Kay Howard	Chief Learning & Communications Officer	no data	no data	no data
Drew Holler	Chief HR Officer	1.2yrs	no data	no data
Tench Tilghman	President of Pennsylvania & Delaware Markets	4.7yrs	no data	no data
Anthony Mignone	President of New Jersey & New York Markets	4.7yrs	no data	no data
Greg McGuff	Regional President	no data	no data	no data

4.7yrs

Average Tenure

63yo

Average Age

Experienced Management: LEN *'s management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stuart Miller	Co-CEO & Executive Chairman	34.2yrs	US$34.28m	8.58% $ 64.3b
Jonathan Jaffe	Co-CEO, President & Director	6.2yrs	US$29.14m	0.39% $ 2.9b
Sidney Lapidus	Independent Lead Director	27.2yrs	US$436.67k	0.066% $ 497.2m
Sherrill Hudson	Independent Director	16.4yrs	US$408.33k	0.015% $ 108.6m
Jeffrey Sonnenfeld	Independent Director	18.8yrs	US$395.79k	0.015% $ 112.5m
Armando Olivera	Independent Director	9.4yrs	US$342.40k	0.0066% $ 49.8m
Amy Banse	Independent Director	3.3yrs	US$299.90k	0.0046% $ 34.7m
Teri McClure	Independent Director	11yrs	US$335.42k	0.010% $ 74.9m
Theron Gilliam	Independent Director	14yrs	US$371.15k	0.012% $ 90.7m
Dacona Smith	Independent Director	less than a year	US$109.62k	0.00065% $ 4.9m
Serena Wolfe	Independent Director	less than a year	US$116.99k	0.00068% $ 5.1m

11.0yrs

Average Tenure

66yo

Average Age

Experienced Board: LEN *'s board of directors are seasoned and experienced ( 11 years average tenure).

Lennar Management

Management criteria checks 3/4

Key information

Recent management updates

Independent Director recently bought Mex$4.1m worth of stock

VP, General Counsel & Secretary recently sold Mex$93m worth of stock

Insider recently sold Mex$23m worth of stock

Independent Director recently bought Mex$1.8m worth of stock

Lennar Corporation Elects Dacona Smith to the Board of Directors

Independent Director recently bought Mex$1.7m worth of stock

Recent updates

Lennar Debuts Magnolia at Pembroke Park

Lennar Announces Opening of the Carriage Home Collection At Ibis Landing, Offering Affordable Laidback Golf and Country Club-Style Living in Lehigh Acres

Lennar Corporation Selling Three New-Home Collections At Junipers, San Diego's Resort-Style Community for Active Adults Aged 55 and Better

Lennar Corporation Announces Opening of Tuscan Springs, A New Townhome Community in the Coveted Location of Pembroke Pines

Independent Director recently bought Mex$4.1m worth of stock

Lennar Corporation Declares Quarterly Dividends, Payable on May 8, 2024

Lennar Corporation Announces Model Grand Opening of Five new Nated Homes at Tesoro Highlands in Santa Clarita

Lennar Corporation Announces Start of Sales At Settlers Brook in Buffalo, MN

First quarter 2024 earnings released: EPS: US$2.57 (vs US$2.06 in 1Q 2023)

Lennar Corporation Kicks Off Sales at Townes at Southshore Pointe, Bring Premium, Antractively Priced Townhome Living to Ruskin, Florida

Lennar Corporation Announces the Grand Opening of Angeline Active Adult Active Adult Amenity Center & Club

Lennar Corporation Debuts Dania Preserve, A New Home Community Offering Spacious Townhomes Just Minutes from White-Sand Beach

First quarter 2024 earnings released: EPS: US$2.60 (vs US$2.06 in 1Q 2023)

Lennar Corporation Provides Operating Guidance for the Second Quarter of 2024

Lennar Corporation Announces Plans for Active Adult Community in Lancaster, SC

Lennar Corporation to Report Q1, 2024 Results on Mar 13, 2024

HW Holdco, LLC acquired Builder Digital Experience, Inc. from Lennar Corporation (NYSE:LEN), PulteGroup, Inc. (NYSE:PHM), KB Home (NYSE:KBH), Beazer Homes USA, Inc. (NYSE:BZH) and others.

Lennar Corporation Receives a Shareholder Proposal from As You Sow

Lennar Corporation Receives a Shareholder Proposal from As You Sow

Lennar Breaks Ground on Expansive Amenity Clubhouse At Stillwater Active Adult Master-Planned Golf Community in St. Johns, Florida

Full year 2023 earnings released: EPS: US$13.73 (vs US$15.74 in FY 2022)

Upcoming dividend of US$0.50 per share at 1.0% yield

Lennar Announces Plans to Bring Quality and Affordability to Homebuyers in Smithfield, NC with Franklin Townes Community

VP, General Counsel & Secretary recently sold Mex$93m worth of stock

Full year 2023 earnings released: EPS: US$13.90 (vs US$15.74 in FY 2022)

Lennar Corporation to Report Q4, 2023 Results on Dec 14, 2023

Lennar Corporation Announces First Release of Three New Affordable, Single-Family Home Plans At Three Locations Across California's Central Valley

Insider recently sold Mex$23m worth of stock

Independent Director recently bought Mex$1.8m worth of stock

Lennar Corporation Debuts Existing New Home Community Acadia Pointe in Oregon

Lennar Corporation Declares Quarterly Cash Dividend, Payable on October 26, 2023

Lennar Corporation Elects Dacona Smith to the Board of Directors

Third quarter 2023 earnings released: EPS: US$3.86 (vs US$5.04 in 3Q 2022)

Lennar Corporation Provides Operating Guidance for the Fourth Quarter of 2023

Lennar Debuts Junipers, San Diego's Newest Active-Adult Master-Planned Community for Resort-Style Living with Easy Access to Downtown and the Beach

Lennar Corporation Debuts Three Existing New Home Communities with Unmatched Lifestive and Recruitation Options in Innovative and Solidative and Multi-Generational Living

Lennar Corporation Announces the Grand Opening of Autumn Sunrise

Lennar Corporation to Report Q3, 2023 Results on Sep 14, 2023

Lennar Corporation Debuts Maple Ridge

Independent Director recently bought Mex$1.7m worth of stock

Lennar Corporation Elects Serena Wolfe to the Board of Directors, Effective September 2, 2023

Lennar Corporation Elects Serena Wolfe to the Board of Directors, Effective September 2, 2023

Lennar Announces the Availability of Its Madison Collection of Brand-New Condominium Homes

Insufficient new directors

Independent Director recently bought Mex$1.7m worth of stock

Lennar Corporation Announces Co-Chief Executive Officer Changes

New major risk - Revenue and earnings growth

Lennar Announces Opening of New Single-Family Home Designs for Sale At Tesoro Highlands in Santa Clarita

Lennar Announces Opening of New Single-Family Home Designs for Sale At Tesoro Highlands in Santa Clarita

Lennar Corporation Lennar Announces 12 Stunning New Single-Family Home Designs for Sale At Two Rivers Community in Zephyrhills

Upcoming dividend of US$0.38 per share at 1.2% yield

VP, CFO & Treasurer recently sold Mex$22m worth of stock

Insufficient new directors

Lennar Corporation Provides Operating Guidance for Third Quarter and Full Year of 2023

Lennar Corporation Provides Operating Guidance for Third Quarter and Full Year of 2023

Lennar Opens Models and New Floor Plans for 80 Single-Family Homes and 190 Townhomes at Shearwater

Lennar Corporation Announces New Homes in Ibis Landing Golf Course Community

Lennar Corporation to Report Q2, 2023 Results on Jun 14, 2023

Lennar Corporation Unveils Ashton Court, New-Home Community in Oklahoma City

Lennar Unveils Models for New Homes in St. Augustine Lakes

Insufficient new directors

First quarter 2023 earnings released: EPS: US$2.06 (vs US$1.70 in 1Q 2022)

Insufficient new directors

First quarter 2023 earnings released

Insufficient new directors

Lennar Begins Sales At Centris, Offering Luxurious Home Designs and A Grand Lifestyle in Miami, Adjacent to Pinecrest, FL

Full year 2022 earnings released: EPS: US$15.74 (vs US$14.28 in FY 2021)

Lennar Announces Grand Opening of Beacon At Bridgeway in Bay Area

Insufficient new directors